The White House

Office of the Press Secretary

Statement by the Press Secretary

Congress must do its job and raise the debt limit to pay the bills we have incurred and avoid default. It is unfortunate that the common sense, clean debt limit increase proposed by Senate Democrats was refused a yes or no vote today. This bill would have taken the threat of default off the table, and given our nation's businesses and the economy the certainty we need. With five days until the government runs out of borrowing authority, Congress needs to move forward with a solution that reopens the government and allows us to pay our bills so we can move on to the business of achieving a broader budget deal that creates jobs, grows the economy and strengthens the middle class.

The White House

Office of the Press Secretary

Weekly Address: Let’s Get Back to the Work of the American People

WASHINGTON, DC— In this week’s address, President Obama discussed his meetings with members of Congress of both parties and the ongoing effort to reopen the government and remove the danger of default from our economy. The President urged Congress to pass a budget, put people back to work, and end this shutdown. In his message, the President also called for paying our bills, and preventing an economic shutdown. The audio of the address and video of the address will be available online at www.whitehouse.gov at 6:00 a.m. ET, October 12, 2013.


Remarks of President Barack Obama Weekly Address The White House October 12, 2013

Good morning. Over the past few days, I’ve met with Republicans and Democrats from both houses of Congress in an effort to reopen your government and remove the dangers of default from our economy. It’s a positive development that House Republicans have agreed on the need to avoid the economic consequences of not meeting our country’s commitments. Because once the debt ceiling is raised, and the shutdown is over, there’s a lot we can accomplish together. We’ve created seven and a half million new jobs in the past three and a half years. Now let’s create more. We’ve cut our deficits in half over the past four years. Now let’s do it in a smarter, balanced way that lets us afford to invest in the things we need to grow. The truth is, there’s a lot we can agree on. But one thing we have to agree on is that there is no good reason anyone should keep suffering through this shutdown. I met with some really innovative small business owners on Friday who’ve already lost contracts, lost customers, and put hiring on hold – because the pain of this Republican shutdown has trickled down to their bottom lines. It’s hurting the very citizens that our government exists to serve. That’s why a growing number of reasonable Republicans say it should end now. And it wouldn’t be wise, as some suggest, to just kick the debt ceiling can down the road for a couple months, and flirt with a first-ever intentional default right in the middle of the holiday shopping season. Because damage to America’s sterling credit rating wouldn’t just cause global markets to go haywire; it would become more expensive for everyone in America to borrow money. Students paying for college. Newlyweds buying a home. It would amount to a new tax – a Republican default tax – on every family and business in America. It doesn’t have to be this way. It’s not supposed to be this way. Manufacturing crises to extract massive concessions isn’t how our democracy works, and we have to stop it. Politics is a battle of ideas, but you advance those ideas through elections and legislation – not extortion. I know you’re frustrated by what you see in your nation’s capital right now. But because it’s easy to get lost in or give up on the political back-and-forth, I want you to remember: this is not normal. Our government is closed for the first time in 17 years. A political party is risking default for the first time since the 1700s. This is not normal. That’s why we have to put a stop to it. Not only because it’s dangerous, but because it saps everyone’s faith in our extraordinary system of self-government. And that hurts us all. Whether it’s the work of creating jobs, growing the economy, or getting our fiscal house in order for the long haul, we’ve got a lot of work to do – and constant brinksmanship doesn’t let us do it. It inflicts real pain on real people. It creates spasms of uncertainty for business owners. It threatens our nation’s credit and standing in the world. And the longer it goes on – the more frequently this brinksmanship is inflicted – the more we’ll see markets react, businesses put off plans to spend and hire, and unemployment claims tick up. The hundreds of thousands of hardworking civil servants who go even longer without pay will worry that they won’t be able to cover their bills, and that their own creditworthiness will be ruined for no good reason at all. And I want to thank all the neighbors and local business owners who’ve shown acts of kindness to these Americans who serve their country. I ask that same spirit of citizenship from lenders who do business with these folks. Because they’re being punished enough through no fault of their own. So let’s pass a budget, put people back to work, and end this Republican shutdown. Let’s pay our bills, and prevent an economic shutdown. Then let’s get back to the work of the American people. Because there is so much else we should be focusing our energies on right now. We’ve got to create more jobs, and kids to educate, and an immigration system to fix. We’ve got more troops to bring home, and a middle class to rebuild, and opportunity to restore. There’s so much America has going for it in this new century. And as always, this country works better when we work together. Thank you, and have a great weekend.

The White House

Office of the Press Secretary

Statement by the Press Secretary on H.J. Res 91

On Thursday, October 10, 2013, the President signed into law:

H.J. Res. 91, which provides continuing appropriations for standard death gratuities and related survivor benefits for survivors of deceased military service members of the Department of Defense for fiscal year 2014, and for other purposes.

The White House

Office of the Press Secretary

ADVISORY: President Obama to Award Medal of Honor

WASHINGTON, DC - On Tuesday, October 15, 2013, President Barack Obama will award William Swenson, a former active duty Army Captain, the Medal of Honor for conspicuous gallantry.  Captain Swenson will receive the Medal of Honor for his courageous actions while serving as an Embedded Trainer and Mentor of the Afghan National Security Forces with Afghan Border Police Mentor Team, 1st Battalion, 32nd Infantry Regiment, 3rd Brigade Combat Team, 10th Mountain Division, during combat operations in Kunar Province, Afghanistan on September 8, 2009.

Captain Swenson will be the sixth living recipient to be awarded the Medal of Honor for actions in Iraq or Afghanistan.  He and his family will join the President at the White House to commemorate his example of selfless service.

PERSONAL BACKGROUND

Captain William D. Swenson separated from the Army on February 1, 2011 and currently resides in Seattle, Washington.  He is single.

Captain Swenson was commissioned as an Army Officer upon completing Officer Candidate School on September 6, 2002.  His military training and education includes: Infantry Maneuver Captains Career Course, Ranger Course, Infantry Officer Basic, Infantry Mountain Leader Advanced Marksmanship Course, Airborne, Officer Candidate School.

At the time of the September 8, 2009 combat engagement, Captain Swenson was an Embedded Trainer and Mentor of Afghan National Security Forces.   His actions were performed as part of 1st Battalion, 32nd Infantry Regiment, 3rd BCT, 10th Mountain Division. 

His military decorations include: Bronze Star Medal with Two Bronze Oak Leaf Clusters, Purple Heart, Army Commendation Medal, National Defense Service Medal, Afghanistan Campaign Medal with One Campaign Star, Iraq Campaign Medal with Two Campaign Stars, Global War on Terrorism Expeditionary Medal, Global War on Terrorism Service Medal, Army Service Ribbon, Overseas Service Ribbon, Combat Infantryman Badge, Ranger Tab, Parachutist Badge   

ADDITIONAL INFORMATION

THE MEDAL OF HONOR:

The Medal of Honor is awarded to members of the Armed Forces who distinguishes themselves conspicuously by gallantry above and beyond the call of duty while:

  • engaged in an action against an enemy of the United States;
  • engaged in military operations involving conflict with an opposing foreign force; or
  • serving with friendly foreign forces engaged in an armed conflict against an opposing armed force in which the United States is not a belligerent party. 

The meritorious conduct must involve great personal bravery or self-sacrifice so conspicuous as to clearly distinguish the individual above his or her comrades and must have involved risk of life. There must be incontestable proof of the performance of the meritorious conduct, and each recommendation for the award must be considered on the standard of extraordinary merit.

The White House

Office of the Press Secretary

Readout of the President and the First Lady’s Meeting with Malala Yousafzai

President Barack Obama and First Lady Michelle Obama today welcomed Malala Yousafzai to the Oval Office to thank her for her inspiring and passionate work on behalf of girls education in Pakistan.  The United States joins with the Pakistani people and so many around the world to celebrate Malala’s courage and her determination to promote the right of all girls to attend school and realize their dreams.  As the First Lady has said, “Investing in girls’ education is the very best thing we can do, not just for our daughters and granddaughters, but for their families, their communities, and their countries.”

As the President said in his proclamation to mark today as the International Day of the Girl, “Across the globe there are girls who will one day lead nations, if only we afford them the chance to choose their own destinies.  And on every continent, there are girls who will go on to change the world in ways we can only imagine, if only we allow them the freedom to dream.”  We salute Malala’s efforts to help make these dreams come true.

The White House

Office of the Press Secretary

Readout of the President’s Call with Governors

This afternoon, the President spoke on a conference call with 25 bipartisan Governors about the ongoing federal government shutdown and its impact on state budgets and the broader economy.  The President was joined on the call by Senior Advisor Valerie Jarrett, NEC Director Gene Sperling, Deputy OMB Director Brian Deese, and IGA Director David Agnew. The President reiterated that the brinksmanship strategy of shutting down the government and threatening default as a bargaining tactic is one that the country cannot afford. He argued that the prolonged shutdown is having adverse consequences on consumer confidence and businesses, and is hurting local economies across the country that rely on tourism at national parks and monuments. The President reiterated that he is prepared to negotiate on ways to grow the economy, create jobs, and address our nation’s long term fiscal health – but that we shouldn’t do this in a crisis atmosphere amidst a government shutdown and threat of default.

The White House

Office of the Press Secretary

Readout of the President’s Call with Business Leaders

 

This afternoon, the President spoke to nearly 150 of our nation’s top business leaders about the ongoing federal government shutdown and updated them on where things stand on efforts in Congress to avoid a first-ever default in the nation’s credit. The President was joined on the call by Treasury Secretary Jack Lew and Senior Advisor Valerie Jarrett.  The President thanked the business leaders for taking the time to engage on the fiscal challenges facing the country, and briefly updated them on the conversations he’s had with all four Congressional caucuses over the past three days.  In the call, the President reiterated that his first order of business is to urge Congress to reopen the government and remove the threat of default, and then he is willing to engage with Congress on a long-term budget that invests in our nation’s priorities, grows the economy and gets the country on a sustainable fiscal path without the brinkmanship caused by using the threat of default as a negotiating tactic.

The White House

Office of the Press Secretary

Readout of the President’s Meeting with Small Business Leaders

 

Today, the President met with nine small business owners from across the country about the impacts of the ongoing federal government shutdown on their businesses and updated them on where things stand on efforts in Congress to avoid a first-ever default in the nation’s credit. The President was joined in the meeting by Senior Advisor Valerie Jarrett, NEC Director Gene Sperling and Acting SBA Administrator Jeanne Hulit.  The President heard from these entrepreneurs about the immediate effects the shutdown has had on consumer confidence, and their concerns about what a prolonged shutdown would do to harm the holiday shopping season.  They shared stories with the President about contracts cancelled or put on hold, furloughed workers and the potential for shift and staff reductions should the shutdown continue.  The President thanked the business leaders for the work that they do creating jobs and investing in their communities, and briefly updated them on the conversations he’s had with all four Congressional caucuses over the past three days.  

The White House

Office of the Press Secretary

Statement by the Press Secretary on the Awarding of the Nobel Peace Prize to the Organization for the Prohibition of Chemical Weapons

President Obama congratulates the Organization for the Prohibition of Chemical Weapons (OPCW) on being awarded the Nobel Peace Prize, which reinforces the international community’s commitment to the international prohibition against the use of chemical weapons.  One of the President’s highest priorities is to prevent the proliferation or use of weapons of mass destruction, and this award honors those who make it their life’s work to advance this vital goal.  Since its establishment 16 years ago, the OPCW has stood at the forefront of the international community’s efforts to verifiably eliminate some of the world’s most dangerous weapons.  Today’s award recognizes that commitment, and reinforces the trust and confidence the world has placed in the OPCW, Director-General Ahmed Uzumcu, and the courageous OPCW experts and inspectors taking on the unprecedented challenge of eliminating Syria’s chemical weapons program.  The United States strongly supports the OPCW, including its joint work with the United Nations, to ensure that Syria’s chemical weapons stockpiles are placed under international control and ultimately destroyed.  Today, we again call on all nations to work to bring to an end the conflict that has cost the lives of more than 100,000 Syrians, and to support the OPCW’s efforts in the hope that future generations can live in a world free from the horrors of chemical weapons.

The White House

Office of the Press Secretary

FACT SHEET: Global Entrepreneurship Summit

Innovation and entrepreneurship are cornerstones of the U.S. economy.  The Obama Administration has actively supported small businesses and individuals in the United States looking to launch new enterprises.  In developing countries and emerging markets, entrepreneurship can serve as the key to unlocking economic potential and lifting people out of poverty.  We have seen this dynamic at work in many countries around the world, including in Southeast Asia and the Middle East and North Africa, where the creativity and dynamism of their populations create the foundation for entrepreneurial activities to flourish. 

Since President Obama announced the Global Entrepreneurship Summit in his Cairo speech in 2009, the United States has expanded programs and built a broad coalition of governments, business people, civil society, investors, and academics to educate and support entrepreneurs around the world.  The Global Entrepreneurship Summit is central to this effort.  This year’s Global Entrepreneurship Summit brings together over 3,000 entrepreneurs, investors, academics, startup organizers, business people, and government officials from over 100 countries.  It kicked off with a three day pre-summit, Global Startup Youth, which brought over 500 young people from over 90 countries together to formulate ideas and launch new ventures designed to tackle major global problems.  Learn more.

Access to finance remains a constraint for many aspiring entrepreneurs and the unbanked, particularly in countries where financial markets are less developed.  The United States understands the importance of building sound financial markets that provide a range of products to micro, small and medium-sized businesses, including Islamic finance products, which offer a unique source of capital to entrepreneurs in Muslim-majority countries where access to capital is low, and existing financial products do not always align with religious beliefs or cultural norms.  In this context, the United States Government is exploring opportunities to engage with organizations such as the Islamic Financial Services Board to support efforts that promote the growth of the Islamic finance sector in a well-regulated, sound, and transparent manner. 

Catalyzing partnerships to create, educate and inspire new entrepreneurs

  • A collaboration between the U.S. government and UP Global to support and train 500,000 new entrepreneurs in the next three years:  The United States Government is supporting UP Global’s efforts to reach 1,000 cities and provide support to and train half a million entrepreneurs by 2016 by connecting them to the U.S. Government’s global network.  Learn more.
 
  • Announcing the President’s Committee on Global Entrepreneurship:  The Administration is establishing the President’s Committee on Global Entrepreneurship (PCGE) to promote and champion entrepreneurship at home and abroad.  PCGE will be chaired by the Secretary of Commerce and will consist of a diverse group of some of the United States’ most prominent entrepreneurs, in addition to the Secretary of State and USAID Administrator.  Committee members will mentor young entrepreneurs, promote startup culture, and activate their networks to accelerate entrepreneurship. 

Expanding access to capital for entrepreneurs

  • Leveraging nearly $500 million in private capital for underserved entrepreneurs: The United States Government is collaborating with 30 financial institutions to leverage $495.8 million in private capital for underserved entrepreneurs in developing countries around the world through its Development Credit Authority.  This will provide increased access to finance for 11,000 small business owners, and, through cascading credit, is expected to impact 1.7 million additional lives.
 
  • Partnering with the Calvert Foundation to Launch Diaspora Impact Investment Initiative.  With the Calvert Foundation serving as its newly-announced Managing Partner, the International Diaspora Engagement Alliance (IdEA) will launch a Diaspora Investment Initiative.  This initiative will focus on establishing an ecosystem of programs that will enable the U.S. diaspora to promote entrepreneurship, innovation, and investment and to make impact investments in their countries of heritage. 

Making governments work for entrepreneurs

  • Formation of a new research network:  In support of the U.S. Government’s efforts to promote entrepreneurship domestically and overseas, the Kauffman Foundation has joined forces with the World Bank, Endeavor Insight, the Argidius Foundation, the Lemelson Foundation, Omidyar Network, and NESTA to launch the Global Entrepreneurship Research Network (GERN), aimed at generating useful and actionable knowledge for policymakers and entrepreneurs around the world.  Learn more.
    • Actionable data for policymakers:  Today, GERN is releasing the first of a set of global entrepreneurship scorecards for more than twenty countries, a tool for governments to see how they fare on selected measures of entrepreneurship.
    • A forum for collaboration:  At this year’s Global Entrepreneurship Summit, the Kauffman Foundation hosted the first-ever GES policy roundtable to give academics, government officials, and business people a platform to discuss how 

Catalyzing social entrepreneurs

  • Catalyzing Entrepreneurial Solutions to Global Development Challenges:  With an initial investment of $3 million, the United States Government is launching the Partnering to Accelerate Entrepreneurship (PACE) initiative to support the creation, incubation, and scale-up of promising, high-growth entrepreneurial ventures that have the potential to lift some of the poorest communities in the world out of poverty.  Over the next three years, PACE will test and scale innovative models for incubating and catalyzing private investment into promising early stage enterprises in developing countries, including entrepreneurs pursuing market-based solutions to development challenges in the areas of food security, global health, and energy access.
 
  • Creation of the Beehive Incubator Center in Malaysia:  The United States in collaboration with the Government of Malaysia, Wow Labs, Babson College, and Universiti Malaysia Kelatan will open Beehive Malaysia in the summer of 2014, a collaborative shared workspace for young entrepreneurs to address social, economic, and environmental challenges.  

  • “Priming the Pump” Global Development Alliance:  The United States announces a new $4.1 million Global Development Alliance with Echoing Green, Newman’s Own Foundation, General Atlantic, Pershing Square Foundation, and Rockefeller Philanthropy Advisors to jointly invest in young social entrepreneurs working in developing countries who are pioneering innovative new solutions to major development challenges.  Involved partners will offer seed funding and technical assistance to social entrepreneurs, disseminate entrepreneurship best practices through their networks, and organize local conferences – “priming the pump” to build a strong ecosystem for social entrepreneurship in developing countries. 

Training tomorrow’s innovators

  • Arizona State University (ASU) to launch National Entrepreneurship Incubator Network in Malaysia:  Through a partnership facilitated by the United States Government, ASU and a Malaysian incubator team are launching a national entrepreneurship incubator network in Malaysia.  Together, they are establishing an unprecedented network of six centers across three Malaysian cities to deliver training and materials to increase the likelihood of entrepreneurial success in Malaysia – and enhance opportunities for Malaysian entrepreneurs in the U.S.  The partnership plans to expand the network across ASEAN countries, furthering regional entrepreneurial collaboration.
 
  • Training new entrepreneurs globally:  The Administration is working with major companies to build technology skills and foster entrepreneurship.  In 2013, the United States Government led a high-tech delegation to Burma to explore joint opportunities to bring affordable access to the Internet and improve workforce training programs. As part of this effort, Cisco systems established two Networking Academies in Burma, focused on building foundational ICT knowledge, while also developing skills in problem-solving, collaboration, and critical thinking.  In Mexico, the United States Government and Cisco are collaborating to build technology and entrepreneurship skills in three northern Mexican cities.  This partnership will help develop and test models to mitigate the community-level impact of crime and violence and increase youth capacity to play a constructive role in their communities.
 
  • Burma Entrepreneurship Center of Excellence: In Burma, the United States Government is bringing together Indiana University’s Kelley School of Business with Hewlett Packard to establish an Entrepreneurship Center of Excellence at Yangon Institute of Economics.  The school will be equipped with the tools, capacity, and resources to support entrepreneurship and the development or expansion of micro, small and medium enterprises, particularly in sectors that will foster inclusive economic growth with a focus on women and youth.  This is a three-year, $2 million project. 

Extension of Information & Communications Technology (ICT) Project in Tunisia:  The United States Government will be extending the successful ICT project in Tunisia with an initial investment of approximately $3 million, to be built on over three years.  The project will provide technical assistance to export-oriented ICT firms, ICT SME financing, and local entrepreneurship training. Additionally, the program will develop Tunisia’s workforce in the ICT sector and work to improve the business-enabling environment for ICT growth including focusing on public-private sector dialogues and policy and regulatory reform.